Healthcare provider Cano Health went public June 4 through a merger with Jaws Acquisition Corp, a special purpose acquisition company (SPAC), also known as a blank check company.
The company operates as Cano Health and is listed on the New York Stock Exchange as CANO.
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The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
| Latest market close | $11.43 |
|---|---|
| 52-week range | $9.20 - $16.95 |
| 50-day moving average | $13.19 |
| 200-day moving average | $12.76 |
| Wall St. target price | $19.40 |
| PE ratio | N/A |
| Dividend yield | N/A (0%) |
| Earnings per share (TTM) | N/A |
Note: The dollar amounts in the table below are in Canadian dollars.
Historical closes compared with the close of $11.43 from 2021-10-15
| 1 week (2021-10-11) | 6.23% |
|---|---|
| 1 month (2021-09-17) | -25.59% |
| 3 months (2021-07-16) | 5.44% |
| 6 months (2021-04-16) | -14.25% |
| 1 year (2020-10-16) | 11.51% |
|---|---|
| 2 years (2019-10-14) | N/A |
| 3 years (2018-10-14) | N/A |
| 5 years (2016-10-14) | N/A |
Valuing Cano Health stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Cano Health's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Cano Health's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $52.4 million.
The EBITDA is a measure of a Cano Health's overall financial performance and is widely used to measure a its profitability.
| Revenue TTM | $644.5 million |
|---|---|
| Operating margin TTM | 5.77% |
| Gross profit TTM | $80.3 million |
| Return on assets TTM | 0% |
| Return on equity TTM | -1689.38% |
| Profit margin | -3.6% |
| Book value | $2.07 |
| Market capitalisation | $2 billion |
TTM: trailing 12 months
There are currently 21.9 million Cano Health shares held short by investors – that's known as Cano Health's "short interest". This figure is 42% up from 15.4 million last month.
There are a few different ways that this level of interest in shorting Cano Health shares can be evaluated.
Cano Health's "short interest ratio" (SIR) is the quantity of Cano Health shares currently shorted divided by the average quantity of Cano Health shares traded daily (recently around 5.1 million). Cano Health's SIR currently stands at 4.33. In other words for every 100,000 Cano Health shares traded daily on the market, roughly 4330 shares are currently held short.
However Cano Health's short interest can also be evaluated against the total number of Cano Health shares, or, against the total number of tradable Cano Health shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Cano Health's short interest could be expressed as 0.13% of the outstanding shares (for every 100,000 Cano Health shares in existence, roughly 130 shares are currently held short) or 0.1814% of the tradable shares (for every 100,000 tradable Cano Health shares, roughly 181 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Cano Health.
We're not expecting Cano Health to pay a dividend over the next 12 months.
Cano Health, Inc. provides primary care medical services to its members in the United States and Puerto Rico. It owns and operates medical centers enabled by CanoPanorama, a proprietary population health management technology-powered platform that provides the healthcare providers at its medical centers with a 360-degree view of their members with actionable insights to improve care decisions and member engagement. The company also operates pharmacies, as well as provides dental services in its medical centers. As of July 2, 2021, it operated 106 owned medical centers and approximately 800 affiliate providers serving approximately 197,000 members. The company was founded in 2009 and is based in Miami, Florida. .
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